Limerick Harbour (Composition of Debt) Act, 1867

Manner of compounding the said Debt of 230,000l. and upwards.

4. It shall be lawful for the Commissioners of Her Majesty’s Treasury, by any Deed or Instrument to be executed at any Time after the passing of this Act, under the Hands of any Two or more of such Commissioners, and under the Common Seal of the Limerick Harbour Commissioners, to compound the said several Debts due by the Limerick Harbour Commissioners, as follows; viz., that the Debt due and owing in respect of the Sums advanced from Time to Time as aforesaid shall be assumed to be and shall be taken at the Sum of Sixty-five thousand Pounds, and the same shall be recorded in the Form in Schedule B. to this Act annexed.